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- #NHL 2004 REBUILT OLD ROSTERS FULL#
- #NHL 2004 REBUILT OLD ROSTERS PROFESSIONAL#
- #NHL 2004 REBUILT OLD ROSTERS TV#
A luxury tax has proven to be a drag on salaries in baseball (for all players whose checks aren't signed by Yankee owner The league will have to accept some sort of variation of the union's proposals, which include salary rollbacks and a luxury tax on high-spending clubs. The owners don't want to miss the Stanley Cup playoffs, where player costs are minimal and almost all of the revenue falls to the bottom line, to the tune of more than $100 million for the league.Īt some point the NHL owners will realize that they can't go from a total free-market system, with no salary restrictions, to one with the strictest cap in sports.
#NHL 2004 REBUILT OLD ROSTERS FULL#
A full season has never been cancelled in any of the four major sports, despite dire warnings from owners and players in past labor disputes. This likely would result in an abbreviated season similar to the 48-game schedule that took place after the NHL's 1994-95 lockout. Instead of building up a $300 million war chest for the lockout as the owners have done, they should have used that money to develop new revenue streams.ĭespite all the rhetoric that a full season of games-and possibly more-will be cancelled, the smart money says the NHL will be up and running by midseason. , where each team earned $81 million last year. Compare this to the NFL's deal with Disney,
#NHL 2004 REBUILT OLD ROSTERS TV#
Each hockey team received $4 million per year fromĪs part of the league's just-completed national TV deal, with games airing on ESPN, ESPN2 and ABC. The NHL's problem isn't the expense side of the income statement, it's the revenue side. Under the league's proposed $31 million salary cap, players would receive 44% of revenue if every team spends the maximum amount. Under the league's current offer to the union, Bettman insists that players would receive more than 50% of revenue. So what would have happened had the NHL had a cap comparable to that of the NFL the past six years, where player costs were limited to 57% of revenue? By Forbes calculations under this system, each team would have earned about $1 million more each season, or about half the $1.8 million average salary of today's NHL player.
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Forbes estimates the losses over the past two years are closer to $200 million. Some reports indicate that tens of millions of dollars of luxury-suite and concession revenue in places like Chicago and Boston have been excluded in the league's loss figures. Forbes (and the player's union) thinks that the owners are forgetting to include certain revenue in their calculations. According to Levitt and the NHL, the league lost a total of $500 million during the past two seasons. , former chairman of the Securities and Exchange Commission, who was hired by the NHL to study its finances. NHL owners claim that players are getting as much as 75% of the league's revenue. A look at a multiyear period is the only fair way to examine what piece of the pie the players received. These percentages vary from year to year. (Final numbers will be published at the end of the year in our annual NHL franchise valuations.) This compares to 65% in the NBA, 62% in baseball and 55% in football for their most recently completed seasons. Forbes preliminary figures for the NHL for last season show that player costs represented 63% of league-wide revenue, down from a high of 66% the previous year. Over the past six years, player costs typically have hovered between 55% and 65% of total annual revenue in all of the major sports. But the fact remains that player costs already are tied to revenue, even if the relationship isn't on paper in a collective bargaining agreement. NHL owners insist they need an agreement where salaries are tied to revenue, similar to the NFL's salary cap. Only the NFL appears immune from such losses-which could be why the hockey league wants to emulate the NFL's economic system.įigures represent a six-year average of player costs (including salaries, bonuses and benefits) as a percent of league-wide revenue. Both Major League Baseball and the NBA maintain that their owners lost money in recent years.
#NHL 2004 REBUILT OLD ROSTERS PROFESSIONAL#
The NHL is the latest professional sports league to lament losses incurred by its ownership.